Tesco PLC’s Neutral Rating Reaffirmed at Nomura (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “neutral” rating restated by stock analysts at Nomura in a report issued on Thursday. They currently have a GBX 220 ($3.65) price target on the stock. Nomura’s target price suggests a potential downside of 5.42% from the company’s current price.
Shares of Tesco PLC (LON:TSCO) opened at 230.568 on Thursday. Tesco PLC has a 52 week low of GBX 222.00 and a 52 week high of GBX 382.00. The stock’s 50-day moving average is GBX 255.6 and its 200-day moving average is GBX 287.6. The company’s market cap is £18.618 billion.
Several other analysts have also recently commented on the stock. Analysts at Grupo Santander downgraded shares of Tesco PLC to a “hold” rating in a research note on Tuesday. They now have a GBX 260 ($4.31) price target on the stock. Separately, analysts at Santander downgraded shares of Tesco PLC to a “hold” rating in a research note on Tuesday. They now have a GBX 260 ($4.31) price target on the stock, down previously from GBX 360 ($5.97). Finally, analysts at Societe Generale cut their price target on shares of Tesco PLC from GBX 220 ($3.65) to GBX 190 ($3.15) in a research note on Tuesday. They now have a “sell” rating on the stock. Ten analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 301.48 ($5.00).
Tesco PLC, incorporated on November 27, 1947, is engaged in retailing and associated activities in the United Kingdom, China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand and Turkey.
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